Bioengineered Food Market, By Product Type (Crops, Vegetables, Fruits, and Others), By End User (Households, Food Service Industry, and Others), By Geography (North America, Latin America, Asia Pacific, Europe, Middle East, and Africa).

Published In : Oct 2024

Code : CMI3714

Pages :140

Formats :

Excel and PDF

Industry : Food and Beverages

Regional Analysis

Regional Analysis: Bioengineered Food Market

Dominating Region: North America

North America is expected to account for the greatest revenue share of 52.3% in 2024. North America’s dominance in the bioengineered food market can be attributed to factors such as supportive government policies, presence of major industry players, and increasing awareness among consumers regarding nutritional benefits of bioengineered foods. Countries like the U.S. and Canada have established regulatory frameworks to promote research and development in biotechnology. Leading companies such as Monsanto and DuPont have also driven innovations through new product launches.

Fastest-Growing Region: Asia Pacific

The Asia Pacific region exhibits the fastest growth, led by countries like China, India and Japan. Rapid economic development, growing health consciousness, and rising disposable incomes have fueled demand for healthy and nutritious food options. National programs focusing on food security as well as partnerships between local farmers and international brands have contributed to the expansion of bioengineered crops.

Bioengineered Food Market Regional Insights

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Bioengineered Food Market Outlook for Key Countries

U.S.: The U.S. market dominates due to high R&D investments and adoption of latest technologies by agribusinesses. Companies like Monsanto and Corteva Agriscience develop new seeds tailored for the regional conditions.

China: The China market is growing steadily with government schemes promoting biotechnology in agriculture. Homegrown firms such as Bejo and Origin have increased availability of innovative products.

India: India continues to lead in the cultivation of Bt cotton. However, efforts are ongoing to introduce other genetically modified crops suitable for the local agro-climatic zones.

Japan: Japanese consumers have shown preference for traceable and locally grown bioengineered items. Major players including Meiji and Morinaga leverage this trend through focused marketing strategies.

Brazil: Brazil market is expanding on the back of suitable climatic conditions and supportive regulations. Groups like Brasmax and Biotrigo cater to rising farm-level demand.